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macroeconomics bathrub model Table 7.3: Labor Market Statistics Midwest West Northeast South Separation Hiring Separation Hiring SeQaration Hiring Separation Hiring 2018 0.2 4.0 0.2 3.8

macroeconomics bathrub model

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Table 7.3: Labor Market Statistics Midwest West Northeast South Separation Hiring Separation Hiring SeQaration Hiring Separation Hiring 2018 0.2 4.0 0.2 3.8 0.2 3.2 0.2 4.2 11. Consider the data in Table 7.3 which shows the separation and hiring rates in each of the four U.S. Census districts for the year 2018. According to the \"bathtub model\" which region had the lowest long-run level of unemployment in 2018? Which region had the highest level? (5 points)

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